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City of Hopkins
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Hennepin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Hopkins closed FY2024 with a net position of $8.4M, indicating a solid financial foundation. With $9.6M in assets and $1.1M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 8.58. Expenditures of $19.1M exceeded revenues of $18.5M, resulting in a $1.1M deficit. A -5.9% margin points to structural budget challenges. All metrics are calculated using General Fund data.